Decision No. 59/1999/ND-BTC abolishes the fee for examining applications for foreign direct investment (FDI) project licenses in Vietnam from July 1, 1999. This aims to reduce the burden on FDI enterprises.
Scope of application
Foreign direct investment enterprises (FDI) in Vietnam
Key points
- FDI enterprises are not required to pay the fee for examining applications for investment licenses from July 1, 1999.
- The Ministry of Planning and Investment, provincial people's committees, and provincial management boards of export processing zones and industrial parks shall not collect the fee for examining applications when receiving project application files for investment licenses.
- This decision takes effect from July 1, 1999.
- The fee for examining applications was abolished according to the Law on Foreign Investment in Vietnam issued together with Circular No. 47 TC/TCĐN dated October 21, 1989, of the Ministry of Finance.
🌐 Social impact of this document
- Reducing the cost burden on FDI enterprises, helping to improve the investment environment.
- Continue to maintain state management over foreign direct investment projects through the investment license issuance process.
❓ Frequently asked questions
When was the fee for examining applications abolished?
The fee for examining applications was abolished from July 1, 1999.
Who is affected by this decision?
Foreign direct investment enterprises (FDI) in Vietnam.
Which agencies will not collect the fee for examining applications when receiving project application files for investment licenses?
The Ministry of Planning and Investment, provincial people's committees, and provincial management boards of export processing zones and industrial parks.
When does this decision take effect?
This decision takes effect from July 1, 1999.
According to which document was the fee for examining applications abolished?
The fee for examining applications was abolished according to the Law on Foreign Investment in Vietnam issued together with Circular No. 47 TC/TCĐN dated October 21, 1989, of the Ministry of Finance.
Full text
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MINISTRY OF FINANCE Number: 59/1999/QD-BTC |
SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness ------------------------------ |
| Hanoi, May 26, 1999 |
Pursuant to …;
ON ABOLISHING THE APPLICATION FEE FOR REVIEWING APPLICATIONS FOR FOREIGN INVESTMENT PROJECT LICENSES (FDI) IN VIETNAM
THE MINISTER OF FINANCE
Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of ministries and ministerial-level agencies.
Pursuant to Decree No. 178/CP dated October 28, 1994 of the Government on the tasks, powers, and organizational structure of the Ministry of Finance.
Pursuant to Decree No. 04/1999/NĐ-CP dated January 30, 1999 of the Government on fees and charges under the State budget.
On the proposal of the Director of the Department of Foreign Financial Affairs.
Pursuant to …;
Article 1: Abolish the application fee for reviewing applications for investment licenses (hereinafter referred to as the application review fee) according to the Law on Foreign Investment in Vietnam issued together with Circular No. 47 TC/TCĐN dated October 21, 1989 of the Ministry of Finance.
Article 2: The Ministry of Planning and Investment, provincial people's committees, and provincial-level Zone Management Boards and Industrial Park Management Boards shall not collect the application review fee when receiving project proposals for investment license applications.
Article 3: This Decision takes effect from July 1, 1999./.
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Place of Receipt: - Prime Minister, Deputy Prime Ministers (for comments) - Central Office and Central Economic Commission. - Ministries, ministerial-level agencies, and government agencies; - Supreme People's Procuracy, Supreme People's Court. - Provincial People's Committees directly under the Central Government. - Board of Management of Industrial Zones of Vietnam. - Departments of Finance, Taxation Departments of provinces and cities. - Zone Management Boards, Industrial Park Management Boards. - Official Gazette. - Units under and directly affiliated with the Ministry of Finance. - To be filed: Office, Department of Foreign Financial Affairs |
THE MINISTER OF FINANCE Nguyen Sinh Hung |
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